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Oct 02 - 01:55 AM

AUD/USD - Retreat Amid Broad USD Strength Has Room To Extend

By Ewen Chew  —  Oct 01 - 11:45 PM
  • AUD/USD retreats to 0.6413 from Mon peak 0.6445

  • Slips under 21 DMA support 0.6418 with room to fall

  • May pause at Bollinger downtrend channel at 0.6388

  • Rebound in US yields revives USD-buying interest

  • Broad USD strength sweeps through Asia led by USD/JPY

  • Likely RBA hold on Tues adds to sombre AUD views nL3N3B70BA

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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